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General General Requirement LedgerTrial Balane Impact o Journal income Indicate the impact each transaction had on net income. Enter decreases to net income as negative
General General Requirement LedgerTrial Balane Impact o Journal income Indicate the impact each transaction had on net income. Enter decreases to net income as negative values. Dates: May 01 to: May 31 ount of increase decrease Transaction ncome: May 1) Prepared a company check for S500 to establish the petty cash fund Net income was unchanged May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1: 3176 for janitorial services, $132 for miscellaneous expenses, postage expenses of $88 $43 for an advertisement. Counted S75 remaining in the petty cash box. Net income decreased by: May 16 Prepared a company check for $200 to increase the fund to $700 May 31 The petty cashier reports that $280 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15: postage expenses of $241 business mileage, 3121, S40 to deliver merchandise to a customer, terms FOB destination May 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by S160, leaving a total of S540 In total, net income increased (decreased) by:S Trial Balance Impact on income
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